BancorpSouth, Inc. (BXS) Releases Earnings Results, Beats Expectations By $0.01 EPS
BancorpSouth, Inc. (NYSE:BXS) issued its quarterly earnings results on Tuesday. The bank reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.01, Bloomberg Earnings reports. BancorpSouth had a return on equity of 8.77% and a net margin of 19.46%. The business had revenue of $186.52 million for the quarter, compared to analyst estimates of $191.32 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The company’s revenue was up .5% on a year-over-year basis.
BancorpSouth (NYSE BXS) traded down 0.16% during midday trading on Wednesday, hitting $31.50. The company had a trading volume of 720,598 shares. BancorpSouth has a 12 month low of $22.65 and a 12 month high of $32.70. The firm has a 50-day moving average price of $30.67 and a 200-day moving average price of $30.13. The company has a market cap of $2.87 billion, a price-to-earnings ratio of 19.40 and a beta of 1.43.
The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Friday, September 15th were issued a dividend of $0.14 per share. This is an increase from BancorpSouth’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend was Thursday, September 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 1.78%. BancorpSouth’s payout ratio is 34.57%.
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A number of equities research analysts have recently weighed in on the company. Zacks Investment Research upgraded BancorpSouth from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a research note on Wednesday, August 2nd. Jefferies Group LLC restated a “hold” rating and set a $33.00 price target on shares of BancorpSouth in a research note on Friday, August 11th. ValuEngine upgraded BancorpSouth from a “hold” rating to a “buy” rating in a research note on Wednesday, September 20th. Brean Capital restated a “hold” rating on shares of BancorpSouth in a research note on Thursday, July 20th. Finally, Stephens set a $35.00 price target on BancorpSouth and gave the stock a “buy” rating in a research note on Thursday, July 27th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $32.67.
BancorpSouth, Inc is a financial holding company. The Company, through its principal bank subsidiary, BancorpSouth Bank (the Bank), conducts commercial banking and financial services operations in Alabama, Arkansas, Florida, Louisiana, Mississippi, Missouri, Tennessee, Texas and Illinois. The Company’s segments include Community Banking, Insurance Agencies, and General Corporate and Other.
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